Real estate: where are we now?

Good question and does anyone really know for sure? What I can say from observation is: houses are staying on the market a little longer and there are more price reductions and fewer multiple offers. The regional RMLS stats for September in the tri-county area also indicate the market is slowing down. The inventory levels are higher than they were in 2017, and the average time a house stays on the market is longer, but it is still a seller’s market.  Even though the interest rates are still really great they are getting higher. All of this makes it a little easier if you’re trying to buy a house and in most cases, it will take longer to sell your house.

Posted on November 20, 2018 at 8:38 am
Sally Baker | Category: Homeowners, Mortgages, Portland Real Estate, real estate market activity

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